[ryan $]

#1 Tone? Read what you'd like into it, didn't mean any "tone". I'm glad you didn't compare me to Dave, that would have been devastating!
#2 Correct... I haven't heard anyone call him out for backdooring
#3 Fair enough question Ryan could answer. Just some guesses, but Ryan should be able to answer better: Could be he hasn't had a default yet? Could be that he's using a platform and syndicating some super-high percent? (I was once offered to fund a deal 100% on a funder's platform for a 7% fee.) Could be that he has about 30-40 files total and you haven't seen them. Something else?

Was Paying 8% to use the Platform. And had Plenty of Defaults.....Plenty of Slow Pays that went to Collections I would say, Overall performance was pretty solid.
Funded my Own deals. If the Deal was too high dollar amount wise than I felt comfortable with it would go out to syndicating partners....but at the same time we fund small deals, so didn't like kicking it out to syndicators.